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The problem with property and investing can be that there is too much information not the lack of it. The "free" advice from "experts" should be viewed case by case. Listen to people who actually walk the walk and are long term and current investors themseves. Learn from their mistakes as well as their success'. Seminars can be excellent but they are also used to sell property listings or products at the end. As a Buyers' Agent for Momentum Wealth in Perth, I have completed the Momentum Wealth Property Education program which contains 5 Modules from negotiation strategy, developing, financing, buidling a portfolio etc. courses such as this are excellent for beginners to intermediate investors who have the time to put the principles into practice. Forums such as this, speaking to unbiased investors and even working alongside a Buyers' Agent for yuor first investment can give you unvaluable knowledge to have the confidence to move forward.
I agree. The Buyers' Agents fee is capitalised and not depreciable but form part of the cost base of the property.
Will be added to your purchase cost at a time of future sale to work out CGT ( as mentioned above ) If you would like a' cheat sheet ' of what expenses are deductible to property investors just let me know.I agree. Any Buyers' Agent must have a portfolio of their own to show that they are passionate about investing, enjoy helping people invest and not just doing it for a salary. The important thing to know is who is paying the agent. If it is a developer or seller, they are not a 'true' Buyers' Agent as their principal is legally and morally the person who pays the fee / commission. The flat fee or commission you pay ensures that you are the principal and only your interests are cared for. No other 'kick backs' should be received.
I am a Buyers' Agent with Momentum Wealth in East Perth. My role is to source the property that best meet your requirements with the highest possible performance in capital returns.To put it simply, my job is doing the necessary ‘leg work’ in the purchase of the best performing properties. I do not sell real estate. The key difference between a Selling Agent and a Buyers’ Agent is who I represent. As an exclusive Buyers’ Agent I do not accept sales commissions from any vendors or developers. The flat fee you pay to engage a Buyers’ Agent ensures that you are the principal and only your interests are protected. I provide buyers with all the knowledge to make an informed decision about the true value of a property and potential growth without all pressure and ‘hype’ of brochures and sales agents. The level of due diligence, reports and substantiation of my work negates any doubts that our final decision is a sound one and the best investment has been found in the market. Strategies include buying for a minimum of 50% – 60% land value. Good supply and demand fundamentals, rental demand, cash flow vs capital growth, development vs low maintenance etc. If you would like more information please contact me. [email protected]
